The Czech Republic’s foreign trade ended last November with a surplus of CZK 32.2 billion, which was CZK 20 billion higher year-on-year and so far the highest in the month under review. The result was positively affected by growing car exports and a smaller deficit in oil and gas trading. This follows from preliminary data published on the website today by the Czech Statistical Office.
“The November balance of foreign trade in goods reached a historically record value in the month under review, thanks to significant year-on-year growth in exports. In November, exports increased by 8.1 percent year on year to 353.2 billion crowns and imports by 2.1 percent to 321 billion crowns. The balance of the Czech Republic’s foreign trade with foreign countries was positive for the sixth month in a row last November, and for the third time in a row its surplus exceeded 30 billion crowns.
In the eleventh month last year, this was mainly due to a surplus in the balance of motor vehicles, which was higher by CZK 8.8 billion year-on-year due to an increase in their exports by CZK 8.4 billion. The deficit in oil and natural gas trading then fell by CZK 4.3 billion due to lower prices on world markets and lower imports. The surplus in trade in metal products also increased and the negative balance of trade in food products decreased.
On the other hand, the overall balance was mainly affected by a larger year-on-year increase in the balance of chemicals and chemical products by CZK 1.1 billion and pharmaceutical products by CZK 1.0 billion.
The Czech Republic’s trade with EU countries ended the month under review with a surplus of 81.8 billion crowns, which was 25.3 billion higher year-on-year. The largest year-on-year increase in assets was recorded in trade with Germany, where the surplus increased by CZK 16.3 billion, and with Slovakia, where it increased by CZK 3.7 billion.
The Czech Republic’s trade deficit with non-EU countries increased by 5.1 billion to CZK 47.8 billion. The trade deficit with China widened the most, by five billion crowns. By switching from liabilities to assets, on the other hand, the balance of trade with Russia has improved by three billion, according the the release from the the Czech Statistical Office.
